This just in from roto:
Paul Byrd has reached agreement with the Indians on a two-year, $14.25 million contract with a club option for a third season, reports FOXSports.com's Ken Rosenthal.
He'll make $14 million for the next two years. The third-year option is worth $8 million and includes a $250,000 buyout. Byrd is passing up a reported three-year offer from the Royals. He'll join C.C. Sabathia, Cliff Lee and Jake Westbrook in the Cleveland rotation. With Kevin Millwood out or reach, the Indians could re-sign Scott Elarton or bring in another fifth starter. If they land Trevor Hoffman as a closer, they may allow youngsters to compete for the final rotation spot. Dec. 4 - 3:59 pm et